Affordable Housing In Montgomery County
Kentucky

Affordable Housing programs support 327 income based apartments in Montgomery County where households pay rent based on how much they earn.

There are 120 affordable apartments in Montgomery County that offer reduced rents to low-income households.

Waiting Lists in Montgomery County, Kentucky

There are no open Section 8 Housing Choice Voucher waiting lists in Montgomery County. Go to the Kentucky Section 8 Waiting Lists page for openings near Montgomery County.

Main Cross Apartments

8 E Main St
Mount Sterling, Kentucky
Call For Rent
1-2 BR
Affordable

Montgomery Square Apartments

1376 Indian Mound Dr
Mount Sterling, Kentucky
Rent Assisted

Wood Hill Apartments

801 Hawkins Dr
Mount Sterling, Kentucky
Accessible
62+

Sterling Oaks

118 Ronameki Dr
Mount Sterling, Kentucky
Rent Assisted
Accessible
Accessible
Disabled Supportive Housing

Whitledge Hgts Add

306 W Main St
Mount Sterling, Kentucky

The Redmond Building

41 N Maysville St
Mount Sterling, Kentucky
Affordable

Kentucky

Main And Maysville Sts
Mount Sterling, Kentucky
Affordable

Woodland Village

8110 Main Street
Jeffersonville, Kentucky
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Affordable Housing In Montgomery County

View affordable apartments and waiting lists in cities near Montgomery County

City Apartments
Affordable Housing In Jeffersonville, KY Affordable Housing programs support 1 apartment communities in Jeffersonville.
Affordable Housing In Mount Sterling, KY Affordable Housing programs support 7 apartment communities in Mount Sterling.

Public Housing Agencies Serving Montgomery County, Kentucky

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Housing Authority Programs
Kentucky Housing Corporation Section 8 Housing Choice Voucher (HCV)
Go to the Kentucky Public Housing and Low-Income Apartments Waiting Lists page for openings near Montgomery County.

Montgomery County, Kentucky Affordable Housing Data

Income Based Apartments in Montgomery County, Kentucky

Montgomery County features 327 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.

Low Rent Apartments in Montgomery County, Kentucky

There are 120 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Montgomery County.

Housing Choice Vouchers in Montgomery County, Kentucky

On average, Section 8 Housing Choice vouchers pay Montgomery County landlords $700 per month towards rent. The average voucher holder contributes $300 towards rent in Montgomery County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Montgomery County, Kentucky for a two-bedroom apartment is between $672 and $822.

2023 Montgomery County, Kentucky Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

Studio One BR Two BR Three BR Four BR
Montgomery County, Kentucky Fair Market Rent $542 $619 $747 $1,062 $1,100
Montgomery County, Kentucky Payment Standard Range $488 to $596 $557 to $681 $672 to $822 $956 to $1,168 $990 to $1,210

Sourced from federal housing data and AffordableHousingOnline.com research.

Montgomery County, KY Affordable Housing Snapshot

Total Affordable Apartment Properties 8
Total Low Income Apartments 447
Total Housing Units with Rental Assistance 327
Percentage of Housing Units Occupied By Renters 35.44%
Average Renter Household Size 2.75
Average Household Size 2.61
Median Household Income $39,275 ±$3,473
Median Rent $646 ±$21
Percentage Of Renters Overburdened 35.96% ± 5.73pp
Total Population 27,167

Population and Household Demographics

Montgomery County is a county in Kentucky with a population of 27,167. There are 10,248 households in the county with an average household size of 2.61 persons. 35.44% of households in Montgomery County are renters.

Income and Rent Overburden in Montgomery County

The median gross income for households in Montgomery County is $39,275 a year, or $3,273 a month. The median rent for the county is $646 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Montgomery County, a household making less than $2,153 a month would be considered overburdened when renting an apartment at or above the median rent. 35.96% of households who rent are overburdened in Montgomery County.

Area Median Income In Montgomery County

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

In Montgomery County, HUD calculates the Area Median Income for a family of four as $64,800

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Montgomery County

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for HUD Rental Assistance in Montgomery County

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Montgomery County AMI may qualify for rental assistance programs that target Extremely Low Income households.
$13,590 $18,310 $23,030 $27,750 $32,470 $35,700 $38,150 $40,600
50% AMI Income Limits
Renters earning up to 50% of the Montgomery County AMI may qualify for rental assistance programs that target Very Low Income households.
$21,550 $24,600 $27,700 $30,750 $33,250 $35,700 $38,150 $40,600
80% AMI Income Limits
Renters earning up to 80% of the Montgomery County AMI may qualify for rental assistance programs that target Low Income households.
$34,450 $39,400 $44,300 $49,200 $53,150 $57,100 $61,050 $64,950